Financial Times FT.com

Popular rage is the only brake on top pay

By Michael Skapinker

Published: July 6 2009 18:26 | Last updated: July 6 2009 18:26

I was supposed to spend last Friday afternoon attacking bankers’ pay – but my invitation to do so was withdrawn because I was deemed too wishy-washy.

The event was to launch a schools’ debating competition. The organisers wanted some grown-up debaters to give the students an idea of how it should be done. They asked me to speak in favour of the motion that “the government should impose limits on bankers’ pay”.

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